Lekoil Limited explores for, develops, and produces petroleum oil and natural gas primarily in Nigeria.
Mediocre balance sheet with limited growth.
Share Price & News
How has Lekoil's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LEK's share price has been volatile over the past 3 months.
7 Day Return
GB Oil and Gas
1 Year Return
GB Oil and Gas
Return vs Industry: LEK underperformed the UK Oil and Gas industry which returned -36.6% over the past year.
Return vs Market: LEK underperformed the UK Market which returned -25.9% over the past year.
Price Volatility Vs. Market
How volatile is Lekoil's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StNewsflash: Lekoil Limited (LON:LEK) Analysts Have Been Trimming Their Revenue Forecasts
1 month ago | Simply Wall StIs Lekoil (LON:LEK) Using Debt In A Risky Way?
2 months ago | Simply Wall StSome Lekoil (LON:LEK) Shareholders Have Taken A Painful 89% Share Price Drop
Is Lekoil undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate LEK's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate LEK's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: LEK is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: LEK is unprofitable, so we can't compare its PE Ratio to the UK market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate LEK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LEK is good value based on its PB Ratio (0.1x) compared to the GB Oil and Gas industry average (0.4x).
How is Lekoil forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if LEK's forecast earnings growth is above the savings rate (0.5%).
Earnings vs Market: Insufficient data to determine if LEK's earnings are forecast to grow faster than the UK market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: LEK's revenue (29.7% per year) is forecast to grow faster than the UK market (2.6% per year).
High Growth Revenue: LEK's revenue (29.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if LEK's Return on Equity is forecast to be high in 3 years time
How has Lekoil performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LEK is currently unprofitable.
Growing Profit Margin: LEK is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: LEK is unprofitable, but has reduced losses over the past 5 years at a rate of 10.1% per year.
Accelerating Growth: Unable to compare LEK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LEK is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (47.5%).
Return on Equity
High ROE: LEK has a negative Return on Equity (-8.15%), as it is currently unprofitable.
How is Lekoil's financial position?
Financial Position Analysis
Short Term Liabilities: LEK's short term assets ($24.0M) exceed its short term liabilities ($23.8M).
Long Term Liabilities: LEK's short term assets ($24.0M) exceed its long term liabilities ($7.5M).
Debt to Equity History and Analysis
Debt Level: LEK's debt to equity ratio (8.7%) is considered satisfactory.
Reducing Debt: LEK's debt to equity ratio has increased from 0% to 8.7% over the past 5 years.
Inventory Level: LEK has a high level of physical assets or inventory.
Debt Coverage by Assets: LEK's debt is covered by short term assets (assets are 1.5x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if LEK has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if LEK has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Lekoil's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LEK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate LEK's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if LEK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LEK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of LEK's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Lekan Akinyanmi (47yo)
Mr. Olalekan Akinyanmi, also known as Lekan, serves as the Chief Executive Officer and Executive Director of Lekoil Ltd. He has over 20 years' experience in the oil and gas industry with AllianceBernstein ...
CEO Compensation Analysis
Compensation vs Market: Lekan's total compensation ($USD0.00) is below average for companies of similar size in the UK market ($USD335.78K).
Compensation vs Earnings: Lekan's compensation has increased whilst the company is unprofitable.
|CEO & Executive Director||no data||US$1.71m||7.5% $903.6k|
|Chief Financial Officer||0.25yr||no data||no data|
|Chief Operating Officer||2.25yrs||no data||no data|
|Chief Technology Officer||no data||no data||0.056% $6.7k|
|Head of Human Resources & Admin||2.25yrs||no data||no data|
|GM of Legal & Company Secretary||2.25yrs||no data||no data|
|General Manager of Corporate Communications||no data||no data||no data|
Experienced Management: LEK's management team is considered experienced (2.3 years average tenure).
|CEO & Executive Director||no data||US$1.71m||7.5% $903.6k|
|Non-Executive Director||2.58yrs||US$25.00k||no data|
|Non-Executive Director||7.17yrs||US$111.00k||0.048% $5.8k|
|Non-Executive Chairman||8.92yrs||US$151.00k||0.22% $26.0k|
|Non-Executive Director||4.83yrs||US$111.00k||0.12% $14.2k|
|Non-Executive Director||1.25yrs||no data||no data|
|Non-Executive Director||0.25yr||no data||no data|
Experienced Board: LEK's board of directors are considered experienced (3.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Lekoil Limited's company bio, employee growth, exchange listings and data sources
- Name: Lekoil Limited
- Ticker: LEK
- Exchange: AIM
- Founded: 2010
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: UK£12.045m
- Shares outstanding: 536.53m
- Website: https://www.lekoil.com
Number of Employees
- Lekoil Limited
- Churchgate Tower 1
- 9th Floor
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LEK||AIM (London Stock Exchange AIM Market)||Yes||Ordinary Shares||GB||GBP||May 2013|
|L5K||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||May 2013|
|LEKO.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||May 2013|
Lekoil Limited explores for, develops, and produces petroleum oil and natural gas primarily in Nigeria. The company owns a 40% interest in the Otakikpo marginal field located in the south-eastern part of the Niger Delta; and a 17.14% participating interest in the OPL 310 block situated in the Upper Cretaceous fairway that runs along the West African Transform Margin. It also holds a 62% interest in the OPL 325 located in the Dahomey Basin. The company was founded in 2010 and is headquartered in Lagos, Nigeria.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/06 23:31|
|End of Day Share Price||2020/04/06 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.